Colombo bourse ended positive week today with All Share Index gaining 71.15 points to close at 5634.15 while Milanka index closed at 5897.11, up 34.11 points for the week. Total equity turnover for the week was 8.28 billion rupees compared to 11.87 billion reported previous week. Foreigners were net buyers with 1.25 billion rupee purchases and 1.05 billion sales. At the end of the week total market capitalization was Rs 1.85 trillion compared to Rs 1.82 trillion recorded for the last week.

Lanka Orix Leasing Company (LOLC) was the highest percentage gainer for the week and it was up by  Rs 299.70 to close at Rs 948.30. Leasing industry is about to grow rapidly with the recovery of the country’s economy after ending of the civil war that was prevailed almost for  thirty years.

Ceylon Leather Products was the highest percentage loser for the week by losing Rs 143.60 to close at Rs 124.20. Environmental Resources warrants were among the other heavily hit stocks  for the week.

PC House started trading in secondary market for the first time this week after their IPO early this month. Despite favorable quarterly results PC House fell below the issue price of Rs 11.00 on Friday. This is the first IPO which fell below its issue price in recent past.     

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Filed under: Colombo Stock Exchange • daily • weekly Report

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